Legal Opinion
Bank of Winnfield & Trust Co. v. United States
District Court, W.D. Louisiana
Decided February 25, 1982No. Civ. A. 79-0481PublishedCited by 2 opinions
1Opinion of the Court
RULING ON MOTION
NAUMAN S. SCOTT, Chief Judge.
This case is before us on a motion and cross-motion for summary judgment. The facts are undisputed and are basically as follows:(1) Bank of Winnfield, during the 1973 and 1974 tax years, followed the policy of making credit life insurance available to its customers;(2) The opportunity to purchase such a policy was explained to the customer by a loan officer of the bank at the time the loan was made;(3) If the customer chose to purchase the insurance, the premium was calculated by the bank officer and added to the loan; 1(4) The amount of the…
2Cases cited5 opinions
- Commissioner v. First Security Bank of Utah, N. A.Supreme Court of the United States · 1972
- Salyersville National Bank v. United StatesCourt of Appeals for the Sixth Circuit · 1980
- Brasher v. Life Insurance Company of LouisianaLouisiana Court of Appeal · 1975
- Butler v. Vulcan Life & Accident Insurance Co.Louisiana Court of Appeal · 1965
- Smith v. Crown-Zellerbach, Inc.Court of Appeals for the Fifth Circuit · 1981
3Cited by2 opinions
- Exxon Corp. v. CommissionerUnited States Tax Court · 1993
- Tower Loan v. CommissionerUnited States Tax Court · 1996